In the wake of the Lehman collapse,
Liberal Democrats deputy leader Vince
Cable has called for tighter regulation to end the ‘dangerous ambiguity’ of when
the government should step in to save troubled financial institutions.
Speaking at the at the Liberal Democrats conference yesterday, he urged the
chancellor to clarify the conditions ‘when government intervenes to save an
institution and when it does not’, The Financial Times reports.
He was warning of ‘very grave’ consequences from the Lehman collapse,
including problems in credit markets which had a ‘potential destructive
capacity’ of a different ‘order of magnitude’ from property markets.
He said the financial sector could not revert to past practices and would
have to be ‘much more tightly regulated in the public interest’.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed